Texas Change Receivables vs Free Cash Flow Analysis

TPL Stock

USD 1,730 214.47 14.15%

Texas Pacific financial indicator trend analysis is much more than just breaking down Texas Pacific Land prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Texas Pacific Land is a good investment. Please check the relationship between Texas Pacific Change Receivables and its Free Cash Flow accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Change Receivables vs Free Cash Flow

Change Receivables vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Texas Pacific Land Change Receivables account and Free Cash Flow. At this time, the significance of the direction appears to have strong contrarian relationship.

The correlation between Texas Pacific's Change Receivables and Free Cash Flow is -0.51. Overlapping area represents the amount of variation of Change Receivables that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Texas Pacific Land, assuming nothing else is changed. The correlation between historical values of Texas Pacific's Change Receivables and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change Receivables of Texas Pacific Land are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change Receivables i.e., Texas Pacific's Change Receivables and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

-0.51

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Change Receivables

The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Texas Pacific's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Texas Pacific Land current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

At this time, Texas Pacific's Selling General Administrative is quite stable compared to the past year. Sales General And Administrative To Revenue is expected to rise to 0.15 this year, although Enterprise Value Over EBITDA will most likely fall to 17.10.

	2021	2022	2023	2024 (projected)
Gross Profit	421.5M	634.5M	583.3M	612.4M
Total Revenue	451.0M	667.4M	631.6M	663.2M

Gross Profit Total Revenue

Texas Pacific fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Retained Earnings	Common Stock Shares Outstanding	Property Plant And Equipment Net	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Net Receivables	Total Current Assets	Other Current Liab	Total Current Liabilities	Net Debt	Accounts Payable	Cash	Cash And Short Term Investments	Non Current Liabilities Total	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Other Current Assets	Property Plant Equipment	Other Liab	Current Deferred Revenue	Inventory	Short Term Debt
Total Assets		1.0	1.0	0.83	0.94	0.97	-0.15	0.29	0.99	1.0	0.66	0.95	-0.99	0.97	0.99	0.99	0.81	-0.43	0.96	0.98	-0.05	0.95	0.96	0.79	0.47	0.17
Total Stockholder Equity	1.0		1.0	0.83	0.93	0.97	-0.17	0.27	0.99	1.0	0.68	0.95	-1.0	0.96	1.0	1.0	0.79	-0.42	0.95	0.98	-0.04	0.95	0.95	0.78	0.45	0.16
Retained Earnings	1.0	1.0		0.81	0.91	0.97	-0.21	0.23	0.99	0.99	0.7	0.95	-1.0	0.95	1.0	1.0	0.76	-0.39	0.93	0.97	-0.01	0.96	0.94	0.76	0.41	0.15
Common Stock Shares Outstanding	0.83	0.83	0.81		0.84	0.76	-0.2	0.54	0.79	0.84	0.44	0.8	-0.8	0.83	0.8	0.8	0.76	-0.66	0.84	0.81	-0.2	0.77	0.87	0.71	0.68	0.06
Property Plant And Equipment Net	0.94	0.93	0.91	0.84		0.89	0.16	0.53	0.92	0.94	0.46	0.87	-0.9	0.98	0.89	0.89	0.91	-0.52	0.96	0.95	-0.16	0.88	0.98	0.89	0.67	0.28
Non Current Assets Total	0.97	0.97	0.97	0.76	0.89		-0.2	0.24	0.96	0.95	0.76	0.88	-0.96	0.91	0.97	0.97	0.77	-0.39	0.9	0.93	-0.03	0.93	0.92	0.73	0.31	0.28
Non Currrent Assets Other	-0.15	-0.17	-0.21	-0.2	0.16	-0.2		0.48	-0.14	-0.13	-0.57	-0.18	0.22	0.06	-0.24	-0.24	0.24	-0.1	0.03	-0.05	-0.25	-0.17	0.06	0.28	0.48	0.29
Other Assets	0.29	0.27	0.23	0.54	0.53	0.24	0.48		0.21	0.31	-0.14	0.22	-0.22	0.39	0.21	0.21	0.65	-0.75	0.46	0.27	-0.31	0.15	0.53	0.63	0.78	0.49
Net Receivables	0.99	0.99	0.99	0.79	0.92	0.96	-0.14	0.21		0.99	0.66	0.97	-0.98	0.96	0.98	0.98	0.76	-0.32	0.94	0.99	0.0	0.94	0.93	0.75	0.44	0.1
Total Current Assets	1.0	1.0	0.99	0.84	0.94	0.95	-0.13	0.31	0.99		0.62	0.96	-0.99	0.97	0.99	0.99	0.81	-0.44	0.96	0.98	-0.06	0.94	0.96	0.8	0.52	0.13
Other Current Liab	0.66	0.68	0.7	0.44	0.46	0.76	-0.57	-0.14	0.66	0.62		0.6	-0.69	0.48	0.7	0.7	0.25	0.02	0.46	0.58	0.43	0.61	0.5	0.25	-0.22	0.21
Total Current Liabilities	0.95	0.95	0.95	0.8	0.87	0.88	-0.18	0.22	0.97	0.96	0.6		-0.95	0.91	0.95	0.95	0.7	-0.26	0.93	0.96	0.06	0.86	0.89	0.72	0.49	-0.02
Net Debt	-0.99	-1.0	-1.0	-0.8	-0.9	-0.96	0.22	-0.22	-0.98	-0.99	-0.69	-0.95		-0.94	-1.0	-1.0	-0.76	0.39	-0.94	-0.97	0.01	-0.95	-0.93	-0.77	-0.42	-0.14
Accounts Payable	0.97	0.96	0.95	0.83	0.98	0.91	0.06	0.39	0.96	0.97	0.48	0.91	-0.94		0.94	0.94	0.89	-0.5	0.98	0.98	-0.18	0.94	0.97	0.85	0.63	0.16
Cash	0.99	1.0	1.0	0.8	0.89	0.97	-0.24	0.21	0.98	0.99	0.7	0.95	-1.0	0.94		1.0	0.76	-0.38	0.93	0.96	-0.01	0.95	0.93	0.75	0.39	0.14
Cash And Short Term Investments	0.99	1.0	1.0	0.8	0.89	0.97	-0.24	0.21	0.98	0.99	0.7	0.95	-1.0	0.94	1.0		0.76	-0.38	0.93	0.96	-0.01	0.95	0.93	0.74	0.39	0.14
Non Current Liabilities Total	0.81	0.79	0.76	0.76	0.91	0.77	0.24	0.65	0.76	0.81	0.25	0.7	-0.76	0.89	0.76	0.76		-0.71	0.91	0.79	-0.29	0.76	0.91	0.89	0.7	0.42
Other Stockholder Equity	-0.43	-0.42	-0.39	-0.66	-0.52	-0.39	-0.1	-0.75	-0.32	-0.44	0.02	-0.26	0.39	-0.5	-0.38	-0.38	-0.71		-0.52	-0.34	0.59	-0.44	-0.58	-0.56	-0.66	-0.3
Total Liab	0.96	0.95	0.93	0.84	0.96	0.9	0.03	0.46	0.94	0.96	0.46	0.93	-0.94	0.98	0.93	0.93	0.91	-0.52		0.96	-0.12	0.88	0.97	0.87	0.64	0.21
Property Plant And Equipment Gross	0.98	0.98	0.97	0.81	0.95	0.93	-0.05	0.27	0.99	0.98	0.58	0.96	-0.97	0.98	0.96	0.96	0.79	-0.34	0.96		-0.06	0.94	0.94	0.79	0.52	0.08
Other Current Assets	-0.05	-0.04	-0.01	-0.2	-0.16	-0.03	-0.25	-0.31	0.0	-0.06	0.43	0.06	0.01	-0.18	-0.01	-0.01	-0.29	0.59	-0.12	-0.06		-0.19	-0.17	-0.13	-0.36	0.19
Property Plant Equipment	0.95	0.95	0.96	0.77	0.88	0.93	-0.17	0.15	0.94	0.94	0.61	0.86	-0.95	0.94	0.95	0.95	0.76	-0.44	0.88	0.94	-0.19		0.9	0.7	0.4	0.09
Other Liab	0.96	0.95	0.94	0.87	0.98	0.92	0.06	0.53	0.93	0.96	0.5	0.89	-0.93	0.97	0.93	0.93	0.91	-0.58	0.97	0.94	-0.17	0.9		0.9	0.65	0.3
Current Deferred Revenue	0.79	0.78	0.76	0.71	0.89	0.73	0.28	0.63	0.75	0.8	0.25	0.72	-0.77	0.85	0.75	0.74	0.89	-0.56	0.87	0.79	-0.13	0.7	0.9		0.72	0.5
Inventory	0.47	0.45	0.41	0.68	0.67	0.31	0.48	0.78	0.44	0.52	-0.22	0.49	-0.42	0.63	0.39	0.39	0.7	-0.66	0.64	0.52	-0.36	0.4	0.65	0.72		0.07
Short Term Debt	0.17	0.16	0.15	0.06	0.28	0.28	0.29	0.49	0.1	0.13	0.21	-0.02	-0.14	0.16	0.14	0.14	0.42	-0.3	0.21	0.08	0.19	0.09	0.3	0.5	0.07

Click cells to compare fundamentals

Texas Pacific Account Relationship Matchups

Texas Pacific fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	598.2M	571.6M	764.1M	877.4M	1.2B	1.2B
Total Stockholder Equity	512.1M	485.2M	651.7M	772.9M	1.0B	1.1B
Retained Earnings	512.1M	487.9M	668.0M	866.1M	1.2B	1.2B
Common Stock Shares Outstanding	23.3M	23.3M	23.3M	23.2M	23.1M	24.2M
Liabilities And Stockholders Equity	598.2M	571.6M	764.1M	877.4M	1.2B	1.2B
Property Plant And Equipment Net	120.5M	127.4M	125.9M	133.0M	138.1M	145.0M
Non Current Assets Total	124.5M	131.9M	128.5M	134.3M	293.9M	308.6M
Non Currrent Assets Other	4.0M	4.5M	2.5M	1.3M	(4.7M)	(4.5M)
Other Assets	111.1M	211.3M	111.6M	6.3M	7.3M	6.9M
Net Receivables	63.0M	48.2M	95.2M	104.0M	129.0M	135.4M
Total Current Assets	473.7M	439.8M	635.6M	743.1M	862.5M	905.6M
Other Current Liab	(12.8M)	4.1M	101K	454K	27.3M	28.7M
Total Current Liabilities	24.5M	18.7M	67.5M	56.8M	63.1M	66.2M
Net Debt	(300.3M)	(278.2M)	(426.8M)	(508.9M)	(724.0M)	(687.8M)
Accounts Payable	19.2M	14.7M	17.9M	23.4M	22.5M	23.6M
Cash	303.6M	281.0M	428.2M	510.8M	725.2M	761.4M
Cash And Short Term Investments	303.6M	281.0M	428.2M	510.8M	725.2M	761.4M
Non Current Liabilities Total	61.6M	67.7M	44.8M	47.7M	50.1M	52.6M
Other Stockholder Equity	(512.1M)	(487.9M)	(15.4M)	(95.8M)	(130.4M)	(123.9M)
Total Liab	86.0M	86.5M	112.4M	104.5M	113.2M	118.9M
Property Plant And Equipment Gross	120.5M	79.3M	166.5M	185.9M	200.1M	210.1M
Other Current Assets	(366.6M)	2.0M	6.1M	18.6M	2.9M	3.1M
Property Plant Equipment	195.4M	81.7M	81.5M	242.7M	279.1M	293.1M
Other Liab	58.2M	64.9M	60.0M	63.0M	72.4M	76.1M
Accumulated Other Comprehensive Income	(1.5M)	(2.7M)	(1.0M)	2.5M	1.8M	1.9M
Current Deferred Revenue	17.4M	26.2M	20.4M	21.7M	25.0M	12.7M
Inventory	107.1M	108.5M	109.1M	109.7M	5.4M	5.1M
Short Term Debt	13.4M	696K	26.2M	0.0	11.7M	6.9M
Net Tangible Assets	512.1M	485.2M	651.7M	772.9M	888.8M	933.3M
Common Stock	245.8M	513.6M	487.9M	78K	89.7K	85.2K
Cash And Equivalents	303.6M	281.0M	428.2M	510.8M	587.5M	616.8M
Net Invested Capital	512.1M	485.2M	651.7M	772.9M	1.0B	595.4M
Net Working Capital	449.3M	421.0M	568.0M	686.3M	799.4M	501.8M

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When determining whether Texas Pacific Land is a strong investment it is important to analyze Texas Pacific's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Texas Pacific's future performance. For an informed investment choice regarding Texas Stock, refer to the following important reports:

How To Invest In Texas

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Is Texas Stock a good investment?

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What is Texas Pacific's Net Worth?

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Largest Oil & Gas Exploration & Production Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Texas Pacific Land. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..

Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Texas Pacific. If investors know Texas will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Texas Pacific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.011

Dividend Share

4.603

Earnings Share

19.55

Revenue Per Share

29.861

Quarterly Revenue Growth

0.099

The market value of Texas Pacific Land is measured differently than its book value, which is the value of Texas that is recorded on the company's balance sheet. Investors also form their own opinion of Texas Pacific's value that differs from its market value or its book value, called intrinsic value, which is Texas Pacific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Texas Pacific's market value can be influenced by many factors that don't directly affect Texas Pacific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Texas Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Texas Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Texas Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Texas Change Receivables vs Free Cash Flow Analysis

Change Receivables vs Free Cash Flow

Change Receivables vs Free Cash Flow Correlation Analysis

Correlation Coefficient

Change Receivables

Free Cash Flow

Texas Pacific fundamental ratios Correlations

Texas Pacific Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Texas Pacific fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Assets
Total Current Assets	+ 1.0	Total Assets
Retained Earnings	+ 1.0	Total Stockholder Equity
Total Current Assets	+ 1.0	Total Stockholder Equity
Cash	+ 1.0	Total Stockholder Equity

Cash And Short Term Investments	- 1.0	Net Debt
Cash	- 1.0	Net Debt
Net Debt	- 1.0	Retained Earnings
Net Debt	- 1.0	Total Stockholder Equity
Net Debt	- 0.99	Total Current Assets
Net Debt	- 0.99	Total Assets